Do you think GE is one of the "biggest and best" blue-chip stock?

alanj answered one year ago …

I for one don't. Pull up a monthly chart that goes back for 10 years and you'll see that in Aug of 2000 the stock price high was $60.50. If you had bought then and didn't use a protective stop you would have see GE's stock price plummet to $21.30 in Feb of 2003. In all fairness that was during a bear market. It then took about 4.5 years to get back half of that loss, where it peaked at $42.15 in Oct 2007. Since then it has been dropping where it now sits at $27.38. Yes we are in a bear market which really took a tumble in late Jan of this year. But since March through the middle of May both the DOW and the S&P 500 where on an uptrend. At the same time GE has continued down.And looking at the chart it even looks as if GE might have been one of the stocks that has pulled the market down. At this time it is oversold. Which means it's a good choice for a possible reversal. But stocks that are oversold can continue to go down. And this stock has shown no upward movement. So, I wouldn't be buying this stock yet. Especially, since they're still doing business with Iran. Whom are supplying weapons that are killing Iraq and US citizens and military personnel( in Iraq).